Similarly to the eurozone, PMI releases from the US all came in below expectations. However, in sharp contrast to the eurozone, the readings were still largely positive and showed healthy growth. Composite PMI dropped to 54.4 in November…
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It was a busy day for the eurozone on Friday, with composite, manufacturing and services PMI from Germany and the eurozone on the schedule. Unfortunately, every single one of the releases came in below expectations, with some hitting…
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Theresa May will probably have allowed herself a brief sigh of relief yesterday, when EU leaders approved an agreement on the UK’s withdrawal and possible future relations. However, she will be aware that there is still a battle…
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Over the weekend, EU leaders attended a Brussels summit and agreed the UK’s Brexit deal. After 20 months of negotiations, the 27 leaders approved an agreement on the UK’s withdrawal from the EU. After less than one hour’s…
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It was otherwise quiet in the US. The dollar lost ground against sterling and a little against the euro, although it could have been worse. The pound climbed above $1.29 earlier in the day before falling back a…
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The only economic data release of note yesterday came in the form of the eurozone’s flash consumer confidence reading for November. Last month, it dropped to -2.7 and had been expected to fall further to -3 this month.…
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Corbyn thinks it is 26 pages of waffle, Ben Bradshaw thinks it will make people poorer, Angela Eagle wants to know what has happened to frictionless trade, Rees-Mogg wonders if EU law is superior to UK law, Justine…
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While families across America prepared to enjoy Thanksgiving, the Brexit political declaration text was leaked to the press. The 26-page document sets out the draft framework for the future EU-UK relationship and, importantly, doesn’t appear to offer any…
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